Which of the following activities in not an element of a CPA firm's quality control system to be considered in establishing quality-control policies and procedures? 1. Selecting personnel for advancement who have the necessary qualifications. 2. Deciding whether to accept or continue a client relationship. 3. Assessing a client's ability to establish effective internal controls. 4. Monitoring the effectiveness of professional development activities. O2 0 1 O 3 O 4

Which of the following activities in not an element of a CPA firm's quality control system to be considered in establishing quality-control policies and procedures? 1. Selecting personnel for advancement who have the necessary qualifications. 2. Deciding whether to accept or continue a client relationship. 3. Assessing a client's ability to establish effective internal controls. 4. Monitoring the effectiveness of professional development activities. O2 0 1 O 3 O 4

Auditing: A Risk Based-Approach (MindTap Course List)

11th Edition

ISBN:9781337619455

Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Chapter3: Internal Control Over Financial Reporting: Responsibilities Of Management And The External Auditor

Section: Chapter Questions

Problem 30RQSC: Refer to Exhibit 3.10 and Exhibit 3.11. Describe management’s process for evaluating internal...

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Refer to Exhibit 3.10 and Exhibit 3.11. Describe management’s process for evaluating internal control over financial reporting. For the control environment principles, identify evidence that management might obtain to assess the operating effectiveness of the control environment.
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Accounting please answer question 9 accounting information. 9 Explain how the effectiveness of general control affects the auditor's test of automated application controls, including auditor's ability to rely on tests done in prior audit. 10, Explain the effects of a general controls on system-wide applications. 11. Explain ways in which auditor's obtain an understanding of client's general control. Objective 5
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